Final bull trap for gold bulls? XAU may reverse today



$XAU /USDT - SHORT

Trade Plan:
Entry: 4123.75 – 4131.09
SL: 4162.64
TP1: 4101.01
TP2: 4083.40
TP3: 4056.99

Why focus on this structure?
- RSI 15m at 54.96, not overbought, but 4H trend has turned bearish
- Current price around 4127, just touching 4H EMA resistance, downside space opens
- Targets TP1:4101, TP2:4083, stop loss at 4162, risk-reward ratio over 2:1
- Why now? 1H ATR shows volatility expansion, waiting for a break of 4123 to confirm direction

Discussion:
Will this move hit TP2 first, or is it a bull trap? Where is your short entry point?
XAU-1.74%
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